Nonprofit · EIN 23-2857766
FINANTA
Tax-exempt (reinstated) · PHILADELPHIA, PA 19122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $842,643 | $315,458 | $527,185 | $25,402,548 | $10,528,283 | $14,874,265 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,371
- of which government grants
- $20,371
- Program service revenue
- $481,309
- Investment income
- $340,963
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $37,942
- Professional fundraising fees
- $0
- Legal fees
- -$1,945
- Occupancy
- $86,470
- Depreciation
- $26,737
- Program services (functional)
- $281,413
- Management and general (functional)
- $21,186
- Fundraising (functional)
- $12,859
Balance sheet and other
- Total assets, start of year
- $26,157,089
- Total assets, end of year
- $25,402,548
- Total liabilities, end of year
- $10,528,283
- Net assets, end of year
- $14,874,265
- Land, buildings and equipment
- $1,590,322
- Publicly traded securities
- $881,494
- Net assets without donor restrictions
- $11,503,765
- Net assets with donor restrictions
- $3,370,500
- Gross receipts
- $842,643
- Employees
- 0
- Year formed
- 1996
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL BETANCOURT | PRESIDENT & Officer | 1 | $0 | $385,375 | $42,809 |
| JONATHAN ENCARNACION | SENIOR VP CH Highest-paid employee | 1 | $0 | $206,465 | $44,852 |
| JOAN BROADHEAD | CHIEF STRATE Trustee or director, Officer | 1 | $0 | $208,549 | $29,202 |
| DRAGAN DODIK | SENIOR VP CH Highest-paid employee | 1 | $0 | $187,621 | $34,777 |
| JAMES BUERGER | LENDER Trustee or director, Officer | 1 | $0 | $167,679 | $38,921 |
| EDWARD GALLAGHER | SENIOR VP CH Highest-paid employee | 1 | $0 | $197,850 | $7,829 |
| ELIZABETH BENNETT | CFO ('24-'25 Trustee or director, Officer | 1 | $0 | $180,091 | $12,309 |
| VEDER REDICK | VP COMMUNITY Highest-paid employee | 1 | $0 | $142,438 | $21,165 |
| ALBA FERNANDEZ | SEN VP/LENDI Highest-paid employee | 1 | $0 | $143,158 | $19,207 |
| LENIN AGUDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN BOWSER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARILYN BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NATALIA DOMINGUEZ BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REV DR GREGORY J EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SAMUEL T COOPER ESQ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLOS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE MCCOMIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| R ERIC MENZER | BOARD MEMBER Trustee or director | 1 | $0 |
| ABRAHAM PARDO | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER RODRIGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT TORRES | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 N 2ND ST, PHILADELPHIA, PA 19122-4503
- In care of
- % AMERICAN STREET EMPOWERMENT ZONE
- Principal officer (990 for 2024)
- DANIEL BETANCOURT, 51 SOUTH DUKE STREET, LANCASTER, PA 17602
- Signed the 990
- DARIO BELLOT, CFO ('25-'26)
- Phone
- (717) 393-2351
- Website
- FINANTA.ORG
- Return prepared by
- EMC CPAS LLC
Mission
A NON-PROFIT LENDING INSTITUTION FACILITATING ACCESS TO CAPITAL AND CONSULTATION SERVICES TO ENTREPRENEURS, FIRST-TIME HOMEBUYERS, AND CONSUMERS IN THE DELAWARE VALLEY REGION.
Program accomplishments
- TECHNICAL ASSISTANCE AND LOAN PRODUCTS FOR ENTREPRENEURS, START-UP AND SMALL BUSINESSES, FIRST-TIME CONSUMER AND HOMEBUYER BORROWERS, AND LOCAL AFFORDABLE REAL ESTATE DEVELOPERS. SUCH PRODUCTS ARE SUPPORTED WITH CREDIT BUILDING AND FINANCIAL COACHING, BUSINESS TRAINING, AND INCUBATING SPACE.Expenses $281,413 · revenue $822,272
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 23-2857766
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $25,402,548
- Income (IRS master file)
- $842,643
Revocation and reinstatement
- Exemption revoked
- November 15, 2023
- Posted by the IRS
- March 11, 2024
- Reinstated
- Effective November 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $842,643 | $315,458 | $25,402,548 | XML |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2857766).
Questions about FINANTA
- What is the EIN of FINANTA?
- The employer identification number (EIN) of FINANTA is 23-2857766.
- Is FINANTA tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2023 and reinstated it effective November 15, 2023.
- Are donations to FINANTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINANTA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINANTA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINANTA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FINANTA?
- The 990 for the year ended June 30, 2025 names DANIEL BETANCOURT.
- Who are the officers and directors of FINANTA?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does FINANTA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $842,643, expenses of $315,458 and total assets of $25,402,548 at year end.
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